Five Key Points
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- Australia is a tier 1 mining jurisdiction and destination of choice for utilities
- Located in South Australia, the premier and most advanced uranium state in Australia
- Port Adelaide has established uranium shipping routes for international markets
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- Idled restart mine in care & maintenance, can quickly respond to market conditions
- 2mlbs per annum base case production, which can be expanded
- 71.6Mlb U3O8 JORC Resource
- Additional 190Mlb U3O8 exploration target. 2,600km2 underexplored uranium province
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- All-in Cost in lowest international cost quartiles of ~ US$32 /lb
- All-in Sustaining Cost in lowest international cost quartiles of ~ US$27 /lb
- Low CAPEX outlay of only US$62m
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- 1 of only 4 fully permitted mines in Australia (3 of which located in South Australia)
- Uranium export permit recently renewed
- Native Title agreements are all in place
- Operational permits and licences in place, lower risk on timing of start up
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- MD / CEO / Strategic Adviser ex-Husab Mine (Extract Resources / Kalahari Minerals)
- Technical Director ex COO of Laramide and Heathgate
- Board and management experienced in constructing & operating uranium mines
- Enviable long term supply relationships with utilities world wide